DHL 2012 Annual Report Download - page 50

 ,  improves  solutions
In the  ,  division, capex increased in the report-
ing year from  million ( adjusted) to  million. Of this gure,  million was
attributable to the Global Forwarding business unit, where we modernised and retted
warehouses across all regions. We also improved  solutions, especially those for the
New Forwarding Environment project. A total of  million was invested in the Freight
business unit, with the largest projects relating to buildings in Northern and Eastern
Europe. In Germany our primary investments were mainly in the purchase of soware
as well as new oce and  equipment.
  invests in new business
In the   division, capex amounted to  million, which was  
higher than the  million reported in the previous year. Of this amount,  million
related to the Supply Chain business unit,  million to the Williams Lea business unit
and  million to central entities. Approximately   of the funds were used to support
new business worldwide. In the Americas region investments were made primarily in
new business in the Consumer, Life Sciences & Healthcare and Retail sectors. In the ,
capital expenditure focused on new business projects and the replacement of vehicles
in the Consumer and Life Sciences & Healthcare sectors. Additional investments were
made in a new mega hub in Hong Kong as well as in customer projects in the Asia Pacic
region. In the Williams Lea business unit, we invested primarily in .
Cross-divisional investments continue to increase
Cross-divisional capital expenditure for Corporate Center / Other (consisting mainly
of Global Business Services) rose from  million to  million in the reporting year.
e purchase of vehicles and  investments accounted for the highest share of expend-
iture. Whilst expenses for vehicles fell slightly,  investments increased signicantly,
above all due to licence purchases.
Pension funding reduces operating cash flow
Net cash used in operating activities amounted to  million in . By contrast,
a net cash inow of , million was generated in the previous year. Net cash from
operating activities before changes in working capital declined by , million to
 million. is was largely due to the fact that we used the funds raised on the capital
market to fund our pension obligations and utilised pension provisions accordingly. We
also utilised provisions for the additional  payment. Although the improved 
raised cash ow from operating activities, higher income tax payments reduced operat-
ing cash ow. Non-cash income and expense amounted to  million. is increased
 but did not aect cash ow. e changes in working capital led to a cash outow of
 million (previous year: cash inow of  million). e change in liabilities and
other items in particular made a signicant contribution to this development.
Strategic focus, page  f.
. Operating cash flow by division,

 m

–1,445

1,102
 ,

647
 
432
Deutsche Post DHL Annual Report 
46